Helnan v. Egypt Helnan International Hotels A/S v. Arab Republic of Egypt (ICSID Case No. ARB/05/19)
Rights under a contract for the management and the operation of a hotel concluded with the Egyptian Organization for Tourism and Hotels (EGOTH).
Claims arising out of the claimant's eviction from the management of the Shepheard Hotel in Cairo, following a decision of the Egyptian Ministry of Tourism to downgrade the hotel's classification from the five star status required under certain management contract, and an award by an arbitral tribunal appointed under the Cairo Regional Centre for International Commercial Arbitration to decide the underlying contractual dispute.
Tertiary: I - Accommodation and food service activities
55 - Accommodation
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Derains, Y.
Lee, M. J. A.
Dolzer, R.
Decided in favour of State
41.50 mln EUR (65.70 mln USD)
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
None - all claims dismissed at the merits stage
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision partially annulled
Schwebel, S. M. (President)

Ajibola, B. (Member)

McLachlan, C. A. (Member)